Airport customs officials said Baretto neither submitted any paper to the customs authorities nor declared that he was carrying an excess amount (about 20,500 US dollar)."He may be fined on the excess amount which can also be confiscated," they said.
Even though customs sources declined to divulge details, the police said Barreto was asked to surrender his passport and directed to appear before the Court once in a week and also respond to customs' directives.
Barreto was later produced before a North 24-parganas district court at Barasat which granted him bail after he furnished a surety of Rs 10,000.
"Barreto has been arrested under the Customs Act," Commissioner of Customs Gautam Roy told PTI here.
Customs sources earlier said Barreto, who was to leave here for Brazil via Dubai by an Emirates flight, was arrested for violations of certain provisions under FEMA.
Barreto, detained at the airport since 9 am, was interrogated extensively by the airport customs officers, the sources said.